Project Eagle property sale ‘corrupted all Northern Ireland’s political system’ – Belfast Telegraph

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Northern Ireland finance minister Mairtin O Muilleoir outside Leinster House in Dublin where he appeared before the Oireachtas Jobs, Enterprise and Innovation committee.

Stormont Finance Minister Mairtin O Muilleoir has said Northern Ireland’s entire political system has been corrupted by the controversial £1.2 billion euro Project Eagle property sale.

Mr O Muilleoir further alleged that the region’s business world, as well as its legal and accounting professions, has been left tainted by the deal between Nama and US vulture fund Cerberus.

The “race to the bottom” that Cerberus brought to Ireland when it secured the property loan portfolio in 2014 is “absolutely shameful”, he told a parliamentary committee in Dublin.

Mr O Muilleoir was being questioned about recent reports that Cerberus paid almost no tax on huge multimillion-pound profits reaped by its acquisition…

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